4Erin Burnett OutFront
CNN (San Francisco)
president obama's national commission on fiscal responsibility and reform, daniel mitchell, senior fellow at the cato institut alan, the numbers sound good. are they? >> i don't care. i'm going to go one further than erin. not only does the absolute number of the unemployment percentage not matter. i don't even think the trend matters. bottom line is there are measures of unemployment much more important. the number of jobs created minus lost. the average hours worked in a week and wages. we measure that every month, but we're so caught up in this percentage rate. guess what? republicans hated the fact it was above 8%. no president gets elected with rates above 8%. what's the main accusation today? that the books are cooked. >> hold on. we're going to get to it. >> it doesn't matter. >> okay, you cited a lot of stuff there. so all that stuff considered, are we better off now or not? >> yes. >> i would have liked the the numbers we had in 2011 beginning of 2012 when we were growing more jobs per month. 114,000. it's not great. that is not a number barack obama should be crowing about. t no
believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about the 100%. when i become president, it'll be about helping the 100%. >> brown: still, president obama was having none of it. >> from the day we began this campaign, we've always said that real change takes time. it takes more than one year or one term, or even one president. it takes more than one party. it certainly can't happen if you're willing to write off half the nation before you even take office. >> brown: with the economy dominating the campaign, and with 12 million americans still unemployed, it was clear the punching and counter-punching over jobs will only grow more intense. and there's still one more monthly employment report coming-- on november 2, four days before election day. to help break down the jobs numbers, i am joined by neil irwin, economics reporter at the "washington post." and diane swonk, chief economist at mesirow financial. diane, start with you, was this big drop in the unemployment number a surprise or wt'
Fetching more results